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Doherty welcomes passing of Insurance Contracts Bill

Sinn Féin Finance Spokesperson Pearse Doherty TD has welcomed the passing to Committee Stage of his Consumer Insurance Contracts Bill in the Dáil this evening.

Deputy Doherty said:

“I believe this is an important win for consumers. It will empower consumers against insurers so that a fairer system for insurance contracts will be in place.

“This Bill specifically deals with insurance contracts and implements a wide range of measures that rebalance the law in favour of the consumer. Laws designed for 18th century sailing merchants are overhauled and replaced with modern consumer friendly laws.

“The archaic laws in force have resulted in a power imbalance where insurers hold all the cards.